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TCDRS boosts allocation to private equity

The US public pension has announced an increase in its exposure to private equity.

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Institution: Texas County and District Retirement System
Headquarters: Austin, United States
AUM: $29.16bn
Allocation to alternatives: 37.23%
Bitesize: $50-100m

Texas County and District Retirement System (TCDRS) has increased its exposure to private equity from 16.0 percent to 18.0 percent, according to a recent update on the pension’s website.

The $29.16 billion US public pension has an 18.0 percent target and current allocation to private equity.

As illustrated below, TCDRS has made several commitments to private equity funds with a 2019 vintage, which combined constitute $255 million.

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